The bonds were issued to support the World Bank’s PEF, and would only be triggered if certain criteria of a pandemic were met. If triggered, the bondholders would lose their money, the funds would be transferred to developing countries to fight the virus
Here Are 425 Million Reasons Why WHO Refuses To Call The Covid-19 Outbreak A Pandemic
The bonds were issued to support the World Bank’s PEF, and would only be triggered if certain criteria of a pandemic were met. If triggered, the bondholders would lose their money, the funds would be transferred to developing countries to fight the virus